ICF: Explanation for business result in QII/2011
Investment Commerce Fisheries Corporation (HOSE: ICF) (INCOMFISH) explained the decrease in profit of QII/2011 compared with QII/2010:
Profit after tax decreased by VND1,149,350,087 (61.04%):
Although revenue increased 46% compared with the same period last year, selling expenses, General & administrative expenses decreased. But Cost of goods sold increased (20%) make material price increased 40% leading to input expenses increased. Interest loan bank high (19%/year) plus rate USD/VND decreased, so business result in QII/2011 decreased compared with QII/2010.
HOSE
> SEC: QII/2011 Operation explanation (12/08/2011)
> EID: Board Resolution (10/08/2011)
> S99: QII/2011 Operating explaination (10/08/2011)
> SDH: QII/2011 Operating explaination (10/08/2011)
> SVS: Explanation for the change of over 10% in profit after tax in First 6 months of 2011 (10/08/2011)
> SDP: QII/2011 Operating explaination (10/08/2011)
> ABT: Aquatex Bentre to buy back stock (10/08/2011)
> TBC: Extension time of submitting audited financial statements of 06 months 2011 (10/08/2011)
> VFMVFA: NAV from 28 July 2011 to 04 Aug 2011 (10/08/2011)
> VFMVF4: NAV from 28 July 2011 to 04 Aug 2011 (10/08/2011)